| Quarter | Average Multiple | Median Multiple | Total Companies | Greater than 10x | Greater than 15x | Greater than 20x |
|---|---|---|---|---|---|---|
| Q4 2014 | 6.9x | 6.4x | 31 | 8 | 1 | 0 |
| Q1 2015 | 6.7x | 6.1x | 31 | 6 | 1 | 1 |
| Q2 2015 | 6.6x | 6.6x | 31 | 6 | 0 | 0 |
| Q3 2015 | 6.6x | 6.2x | 31 | 6 | 0 | 0 |
| Q4 2015 | 5.1x | 4.6x | 37 | 2 | 0 | 0 |
| Q1 2016 | 5.5x | 5.0x | 38 | 2 | 0 | 0 |
| Q2 2016 | 6.9x | 6.5x | 39 | 7 | 1 | 1 |
| Q3 2016 | 5.6x | 5.8x | 40 | 2 | 0 | 0 |
| Q4 2016 | 6.3x | 5.6x | 41 | 7 | 1 | 0 |
| Q1 2017 | 7.0x | 6.9x | 70 | 12 | 1 | 0 |
| Q2 2017 | 7.2x | 7.0x | 71 | 12 | 1 | 1 |
| Q3 2017 | 7.6x | 7.5x | 72 | 16 | 2 | 0 |
| Q4 2017 | 7.1x | 6.9x | 73 | 14 | 1 | 0 |
| Q1 2018 | 8.1x | 7.9x | 74 | 23 | 3 | 1 |
| Q2 2018 | 9.2x | 8.3x | 74 | 30 | 9 | 1 |
| Q4 2018 | 8.1x | 6.7x | 73 | 20 | 5 | 1 |
| Q1 2019 | 10.5x | 8.9x | 71 | 28 | 15 | 8 |
| Q2 2019 | 12.7x | 8.7x | 73 | 32 | 19 | 15 |
| Q3 2019 | 11.6x | 8.8x | 79 | 34 | 18 | 12 |
| Q4 2019 | 12.0x | 9.5x | 80 | 37 | 23 | 14 |
| Q1 2020 | 10.6x | 8.1x | 80 | 30 | 21 | 11 |
| Q2 2020 | 17.9x | 11.3x | 82 | 47 | 32 | 27 |
| Q3 2020 | 17.9x | 12.2x | 83 | 47 | 33 | 24 |
| Q4 2020 | 22.7x | 14.2x | 92 | 56 | 45 | 35 |
| Q1 2021 | 18.4x | 13.9x | 97 | 58 | 45 | 34 |
| Q2 2021 | 17.7x | 12.7x | 102 | 58 | 45 | 33 |
| Q3 2021 | 20.1x | 13.0x | 120 | 68 | 54 | 41 |
| Q4 2021 | 17.9x | 12.2x | 126 | 68 | 50 | 37 |
| Q1 2022 | 12.9x | 9.3x | 123 | 58 | 35 | 22 |
| Q2 2022 | 7.5x | 6.4x | 123 | 30 | 13 | 5 |
| Q3 2022 | 7.1x | 5.6x | 121 | 27 | 13 | 6 |
| Q4 2022 | 5.9x | 4.9x | 119 | 19 | 2 | 1 |
| Q1 2023 | 6.3x | 5.7x | 117 | 22 | 3 | 0 |
| Q2 2023 | 7.1x | 5.8x | 116 | 30 | 6 | 3 |
| Q3 2023 | 6.4x | 5.6x | 111 | 25 | 5 | 1 |
| Q4 2023 | 7.53x | 6.30x | 110 | 31 | 12 | 4 |
| Q1 2024 | 7.27x | 5.72x | 109 | 27 | 9 | 5 |
| Q2 2024 | 6.29x | 5.15x | 108 | 19 | 7 | 3 |
| Q3 2024 | 6.89x | 5.43x | 101 | 21 | 8 | 3 |